If there is
one industry that has had more articles written about it on forums and
discussion boards and does not require another word said about it, it is
the Price Comparison Shopping industry. Millions of words have been spent
analysing, dissecting and often desecrating all of the major players in the
field and, boy, are there plenty of players. In the US there seems to be some
autonomy emerging with the Shopping.com and ShopZilla behemoths still number one
for sheer merchant count, visitor reach and backing. With squillions of lesser
sites popping up everyday vying for a slice of this lucrative “dollar-cake”
(some even powered by the main players), trying to breathe new life into the
price comparison concept has proven a struggle. In the UK a similar pattern is
emerging, in respect to the millions of comparison sites emerging only. The big
difference though, in my opinion, is that the ‘King of comparison shopping’ in
the UK has yet to be crowned.
What would
one look for in a good ‘price comparison’ King, if we were to crown one
today?
Honesty
– In other another
words ‘transparency’. In this day and age of Urchin/Google Analytics even
bedroom-ran businesses can see where their traffic is coming from and how many
of their clicks are genuine and fair. Many merchants I know do still feel
aggrieved with a lot of the comparison sites for still having outdated
validation logic to calculate genuine clicks. PriceGrabber are probably the most
honest out of them all and have a list as long as your arm (they invalidate
clicks made by their own staff… gee, thanks) but I am sure they can do better.
They invalidate duplicate clicks made within 30 seconds of each other on the
same product, but I feel that is quite tight. Surely if someone finds your
product on PG in the morning and then retraces their steps through PG in the
evening, they should not have to pay for the same lead. Also if a browser with
an IP based in Nigeria (no offence to my Nigerian brothers in need of a new
top-of-the-range laptop) clicks on your store, you should not have to pay for
the lead? The only company who delivers honesty in this area is CheckCost whose foreign policy is very
xenophobic and excludes all clicks from IP’s based outside of the United
Kingdom. They also give stores 24 hours breathing space between clicks made by
the same browser on the same product.
Fair
Rule – There is no
doubt that when it comes to money and riches, most contenders for the crown are
not bereft of short-change. Take Shopping.com, for example. Bought by eBay for a
£500m in 2005 you would have considered them to be perfect and the coronation
parties had already been arranged, I had even bookmarked them in Mozilla and were always my first port of call
when checking prices. But suddenly it all went wrong for them. Greed & power
took hold and they began to forget about their subjects (i.e. the merchants).
The amount of money being siphoned from their subject’s CPC budgets and into
Shopping’s coffers came under intense scrutiny and they had a bloody revolution
on their hands which saw merchants turn on Shopping in their droves. To this day
they have not recovered and a search for the latest Sony LCD TV limply
shows only a thimbleful of merchants still loyal to them. Compared to other
sites this is woeful and they do not even have the cheapest prices on display.
For the same Sony LCD TV I found 27 sellers on this
site who also have the cheapest price on the internet.
Legacy – Once a King is crowned I feel the
lasting legacy will be based on simplicity. I have seen comparison sites in the
United States using Flash to build a virtual mall (failed!), comparison sites
rewarding the buyer with a slice of the affiliate payment if purchased via them
(also failed!) and many other wayward and uninspiring ideas. With these
brainwaves (albeit broken waves) still floating around the ether I came up with
a new notion… how about a comparison site which gives you the cheapest price
from every online store in the UK? Instead of Featured Merchants paying their
way to the top of the listings why not sort all of the merchants by price? It
may sound obvious but no-one seems to be doing it right in the UK yet, so the
crown is still for the taking over the next few years.